Wealthy Africans spending almost £4million

-

 Wow photos: Wealthy Africans spending almost £4million-a-week on London property

According to a new report, super wealthy Africans are spending almost £4million on London property every week as they snap up some of the most exclusive investments in the capital, this is according to Real Estate agents in the UK.

More than £600million has been spent in London by Africans within the last three years and its on the increase. The wealthy buyers are from Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal, UK Daily Mail reports.  
Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years. A mixture of traditional reasons combined with increased terrorism and the outbreak of Ebola is said to be behind the dramatic influx of African money to the capital.
The new wave of super-rich includes Aliko Dangote, a Nigerian business magnate who, with a £16billion fortune, is Africa's wealthiest man. 
Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, is also a big investor in the London property market. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge.
Her British-born nephew Rotimi Alakija, who also goes by the stage name of DJ Xclusive, has also invested property in the capital.
It is thought other tycoons have also been eyeing up homes on Kensington Palace Gardens - known as Billionaires' Row.
 
The wealthy buyers are typically spending between £15million and £25million on each home and are purchasing luxury properties


Source: UK Daily Mail

Comments

Post a Comment

Popular posts from this blog

-
Image
Photos: For Those Who Wants To Kill Themselves Over Politics In Nigeria Buhari and President Jonathan hug and hold hands For those who want to kill themselves over politicians in Nigeria...lol. The president and APC presidential candidate pictured hugging at the 2015 election sensitization workshop on non-violence in Abuja this morning. See a pic of Jonathan, Buhari, Oyegun and Mu'Azu holding hands after the cut
Read more
-
Image
MI & Ice Prince deck in head-to-toe designers as they storm Kaduna for show Two of Nigeria's greatest rappers M.I and Ice Prince were in Kaduna over the weekend for a show and they looked like fly in head-to-toe designers as they stormed the city. Another pic after the cut...
Read more
-
Image
onathan Mourns Chukwumerije, Says He Was Man of Integrity Chukwumerije Tambuwal Shocked, Saraki too Jaiyeola Andrews, Muhammad Bello in Abuja, and Hammed Shittu in  Ilorin President Goodluck Jonathan on Monday extended his heartfelt condolences to the Chukwumerije family as well as the government and people of Abia State on the death of Senator Uche Chukwumerije. The president described the deceased as a man of integrity who worked for the unity and progress of the country while alive. The president in a statement by his spokesman, Dr. Reuben Abati, equally commiserated with the Senate over the passage of the senator. Speaker of the House of Representatives, Hon. Aminu Waziri Tambuwal, has expressed shock and sadness over the death of Senator Uche Chukwumerije which occured Sunday in Abuja. In a statement issued by his spokesman, Malam Imam Imam, he described the deceased as a fine legislator and a refined gentleman wh...
Read more